The one reason you give for it being worse now is that the logic is flawed and they contradict themselves when they've been doing that since the 90's. I don't know what show you've been watching in the past but WWE/F have always changed the rules to make things easier for themselves.

The talent is worse, the show is stale, the writing is inconsistent, there's no emotional investment, outcomes don't matter & parity booking has ruined everyone. WWE also no longer attempts to cater to strengths and hide weaknesses, usually purposely shooting themselves in the foot (usually for petty reasons because they're afraid of being scorned). Better?

I mean, you can talk about how the show is great all you want, while sitting on the internet and talking about wrestling on days when the show ain't on. Bottom line is, most people when they turn on RAW don't give two fucks about a Brodus Clay squash match, a John Laurinaitis promo or Chris Jericho showing up to not do anything. Yeah, it all might lead to something better but in this era of instant gratification, people aren't going to wait for it to get better. They have like seventy other stations and will just find something else. Which is what they have been doing and will continue to do.

It's not compelling television, thus people aren't compelled to watch.